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Dec 2, 2012
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this is our economy. we all want the economy to get better and americans to have more opportunities at jobs. this agreement should come sooner rather than later because just the threat of the fiscal cliff is already hurting our economy. now listen, i believe that raising tax rates hurts our economy, hurts the prospects for more jobs in our country. and i realize the president may disagree, but the fact is if there's another way to get revenue from upper income americans that doesn't hurt our economy, then why wouldn't we consider it? >> what if we go over the cliff. doesn't the president hold all the cards then? can't he say, all right, everybody taxes have increased. i'm offering 98% a tax cut of $2,000 a year. you are the party of lower taxes. are you going to refuse to cut people's tacks? >> nobody wants to go over the cliff. that's why the day after the election i tried to speed this process up by making the concession to put revenues on the table. it's unfortunate that the white house has spent three
this is our economy. we all want the economy to get better and americans to have more opportunities at jobs. this agreement should come sooner rather than later because just the threat of the fiscal cliff is already hurting our economy. now listen, i believe that raising tax rates hurts our economy, hurts the prospects for more jobs in our country. and i realize the president may disagree, but the fact is if there's another way to get revenue from upper income americans that doesn't hurt our...
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Dec 9, 2012
12/12
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john: no wonder the economy does not recover. >> if they were rules people could apply and understand but will we have seen their role say we will do whatever we want to. zero been discretion to do whatever we want. we don't know what they will do. >> we will decide later. >> pretty much the subtext. john: good intentions and gone bad. might take on government gone wrong and a little bit gone wrong and a little bit of good news. and we can save you 10% on ground shipping over the ups store. look this isn't my first christmas. these deals all seem great at the time... but later... [ shirt ] merry christmas, everybody! not so much. ho ho ho! this isn't that kind of deal. [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. tomato, obviously. haha. there's more than that though, there's a kick to it. wahlalalalallala! smooth, but crisp. it's kind of like drinking a food that's a drink, or a drink that's a food, woooooh! [ male announcer ] taste it and describe the indescribable. could've had a v8. >> show title tonight, good intentions gone wrong des
john: no wonder the economy does not recover. >> if they were rules people could apply and understand but will we have seen their role say we will do whatever we want to. zero been discretion to do whatever we want. we don't know what they will do. >> we will decide later. >> pretty much the subtext. john: good intentions and gone bad. might take on government gone wrong and a little bit gone wrong and a little bit of good news. and we can save you 10% on ground shipping over...
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Dec 3, 2012
12/12
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remember the shanghai comp is not the chinese economy. if you look at technical indicators there are guying screening the table. i do think china looks very interesting for a lot of people. >> i think people at home are going to start thinking to themselves what happened to yum brands. >> so did tiffany. >> why the disconnect here? >> you have to understand that yum has a couple of specific issues. yum is not the only guy out there. >> it is the biggest guy out there. >> i think when you have competition and their comps were significantly high and this is one of the head winds for them their comps are too good and i don't think they will grow 50%. they are a luxury brand producer going after a sector of the market that is unsustainable. if you look at the chinese consumer they are not buying tiffany watches and eating at yum. it is a consumption story that is slowly getting better. >> is it time for a final trade? >> you asked me and i'm delivering. >> you bring it. you always bring it. >>> mieving on here. americans are piling into u.s.
remember the shanghai comp is not the chinese economy. if you look at technical indicators there are guying screening the table. i do think china looks very interesting for a lot of people. >> i think people at home are going to start thinking to themselves what happened to yum brands. >> so did tiffany. >> why the disconnect here? >> you have to understand that yum has a couple of specific issues. yum is not the only guy out there. >> it is the biggest guy out...
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economy into verse. christine lagarde spoke with candy kroll crowley about how a needs to be hammered out. >> the best way to go forward is to have a balanced a i approach that takes into account both increasing the revenue, which means either raising tax or creating new sources of revenue and cutting spendings as well. >> the imf has a real interest in how the u.s. economy is doing because it will directly impact how the global economy does. financial markets are also waiting on new forecasts from the federal reserve, but any positives could be dampened by uncertainty about what's going to happen with the fiscal cliff. >>> in egypt, opponents of morsi are calling for a major march on the presidential -- in
economy into verse. christine lagarde spoke with candy kroll crowley about how a needs to be hammered out. >> the best way to go forward is to have a balanced a i approach that takes into account both increasing the revenue, which means either raising tax or creating new sources of revenue and cutting spendings as well. >> the imf has a real interest in how the u.s. economy is doing because it will directly impact how the global economy does. financial markets are also waiting on...
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Dec 9, 2012
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economy into verse. christine lagarde spoke with candy kroll crowley about how a needs to be hammered out. >> the best way to go forward is to have a balanced a i approach that takes into account both increasing the revenue, which means either raising tax or creating new sources of revenue and cutting spendings as well. >> the imf has a real interest in how the u.s. economy is doing because it will d
economy into verse. christine lagarde spoke with candy kroll crowley about how a needs to be hammered out. >> the best way to go forward is to have a balanced a i approach that takes into account both increasing the revenue, which means either raising tax or creating new sources of revenue and cutting spendings as well. >> the imf has a real interest in how the u.s. economy is doing because it will d
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Dec 8, 2012
12/12
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who sonot drawing in economy and they get one that will help the economy and support jobs. but let's make the conversation real. the only reason we are having this conversation is because of unemployment we have more than three unemployed workers for every job opening. this would not be a conversation if we were swimming in jobbings . we were havinglet conversation because the economy is still depressed and what nancy pelosi. >> we are having the conversation because of the debt and deficit levels that the country is facing . someone on the democraticic side saying keep them and extend . republicans saying we have to cut somewhere. that's a real discussion. >> if i told you there was a program that cost you 30 billion and returned 18 billion to the economy and so had a net cost of 12 billion and supported 400,000 jobbings, you would say that is a good idea it is it not a matter of reducing the deficit because in congress we have people extending tax cuts that further blow a hole in the debt ceiling. >> i don't want to be cruel, christian. i don't want to be curt. every doll
who sonot drawing in economy and they get one that will help the economy and support jobs. but let's make the conversation real. the only reason we are having this conversation is because of unemployment we have more than three unemployed workers for every job opening. this would not be a conversation if we were swimming in jobbings . we were havinglet conversation because the economy is still depressed and what nancy pelosi. >> we are having the conversation because of the debt and...
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Dec 10, 2012
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i don't think the economy is strong enough to have continued quarterly increases. i think we're going to see this probably for the next six months. you're going to have some good reports. jobless claims will probably get better going fod.
i don't think the economy is strong enough to have continued quarterly increases. i think we're going to see this probably for the next six months. you're going to have some good reports. jobless claims will probably get better going fod.
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Dec 5, 2012
12/12
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when it comes to the president in this economy. we are 8 days in and he hasn't started the process of reconvening the board. >> the board is already so pro union as is the president fresh off his re-election even though this is not going to be a california emergency, this could be a national emergency for closing down those huge ports. that is it for tonight's show. thank you for watching. we will see you tomorrow night we need premarket capitalism. not a union hold up. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. it's no wonder so many investors are saying... when you take a closer look... ...at the best schools in the world... .
when it comes to the president in this economy. we are 8 days in and he hasn't started the process of reconvening the board. >> the board is already so pro union as is the president fresh off his re-election even though this is not going to be a california emergency, this could be a national emergency for closing down those huge ports. that is it for tonight's show. thank you for watching. we will see you tomorrow night we need premarket capitalism. not a union hold up. [ male announcer ]...
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Dec 10, 2012
12/12
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economy needs is giving a larger footprint to the chinese system. china's corporate criminals who are often inditing wishable. we don't want to give the chinesing nomic sift apple larger footprint into american capitalism. secondly, this makes a mock rift green energy policies. the main rational for which was we don't want these so-called industries of the future controlled by foreign countries and by foreign companies. and here we are, transferring all of this property over to a chinese company. and there was an american buyer. there was an american buyer. an american-owned option. >> on that point, alan, is there any sensitive technology or information that is going to be given to the chinese through this trance ak. >> that's a great question, mandy. you are broadcasting from northern jersey, right sni think you recently you learned how important electricity grids are, right? when you don't have electrical power bb life becomes very bad. a123 is making product that helps control the electricity grid system. do we want the chinese owning this techn
economy needs is giving a larger footprint to the chinese system. china's corporate criminals who are often inditing wishable. we don't want to give the chinesing nomic sift apple larger footprint into american capitalism. secondly, this makes a mock rift green energy policies. the main rational for which was we don't want these so-called industries of the future controlled by foreign countries and by foreign companies. and here we are, transferring all of this property over to a chinese...
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Dec 8, 2012
12/12
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the point about the economy, this is the short-sighted thinking so many people have about government expenditures, there is absolutely government waste, fraud, abuse, but when it comes to programs like this, you actually get a long-term and immediate benefit from that expenditure of taxpayer dollars. >> nobody can tell me this is a wasteful amount of food for an american. >> if i was on food stamps or s.n.a.p. program and i used my money, that dollar that i spend on my food actually comes -- recycles through the economy and produces $1.70 or more of a benefit to our gdp because you know what, people produce this food. the truckers depend on that. the store owners. it actually creates jobs in communities have millions of dollars of money that people are expending. >> what do you think about this, though, because there's another staggering statistic that 40% of all food supply in america each year is thrown away, discarded by americans, which works out to equivalent of $2,275 annually in food. it's a staggering amount of food tossed away. there is a real disconnect here. >> we have bro
the point about the economy, this is the short-sighted thinking so many people have about government expenditures, there is absolutely government waste, fraud, abuse, but when it comes to programs like this, you actually get a long-term and immediate benefit from that expenditure of taxpayer dollars. >> nobody can tell me this is a wasteful amount of food for an american. >> if i was on food stamps or s.n.a.p. program and i used my money, that dollar that i spend on my food actually...
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Dec 9, 2012
12/12
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they're creating jobs and growing their economies at twice the rate of this lunacy that the president continues to pursue. >> we have a short-run problem, purely a political problem about this fiscal cliff. it has nothing to do with the bondholder and the debt. we should work on that. >>> we got to take a break. lots more roundtable. >>> why did the tea party star quit the senate. what does it mean for the gop? >>> what's next for hillary? twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. that retiring some day is even an option for sean and me. how'd you get comfortable enough to know you could really do it? well, planning, of course. and we got a lot of good advice. a few years ago, your mom and i put some money into a pacific life fixed annuity. it gu
they're creating jobs and growing their economies at twice the rate of this lunacy that the president continues to pursue. >> we have a short-run problem, purely a political problem about this fiscal cliff. it has nothing to do with the bondholder and the debt. we should work on that. >>> we got to take a break. lots more roundtable. >>> why did the tea party star quit the senate. what does it mean for the gop? >>> what's next for hillary? twenty-three billion...
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Dec 6, 2012
12/12
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that that's not a big deal for the economy. everybody recognizes that it is. >> we keep hearing from critics that say, look, we get a frame work, it doesn't solve the long-term problems, it just kicks the can. you're in a position where you'll take some can kicking at this point, right? >> exactly. i mean, look, people like me started talking about this a year ago. i wrote a piece in the "wall street journal" in march about this. we have known about this forever, well, not forever, only since it started, and it's just being frustratingly little action. at this point i don't think they have the time to do a full deal and that's why they need to kick some cans. >> you say reaching a grand bar ga -- bargain is a dream and i mate be just that. there's a growing sense that the president in his words has won this round. do you think this is how it shaping up? >> i think so, i think he's got a much stronger bargaining position. he put out an officer that was way off where he knew republicans would be, prepared to come back on it. but
that that's not a big deal for the economy. everybody recognizes that it is. >> we keep hearing from critics that say, look, we get a frame work, it doesn't solve the long-term problems, it just kicks the can. you're in a position where you'll take some can kicking at this point, right? >> exactly. i mean, look, people like me started talking about this a year ago. i wrote a piece in the "wall street journal" in march about this. we have known about this forever, well, not...
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Dec 5, 2012
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the next day he wants to tax people and take money out of the economy. he has to make up his mine. all of a sudden, all of this uncertainty is hurting our business. >>eric: thank you. the stalemate in washington, dc, continues, and now both sides admit nothing is getting done. >> what most of the viewers watching this show right now believe is that all of us are involved in some kind of negotiation. that is not true. we --. >> there is nothing going on? >> nothing. >> we asked the president, sit down with us and be serious about the specifics of the spending so we can stop the wasteful spending in washington and address the problem. >> charlie is a democrat congressman from the state of new york, charles rangel, thank you for joining us, congressman. what gives? what gives? tell us about fiscal cliff. are you worried about the fiscal cliff? >>guest: you bet your life. people in my district are, small business people if my district are concerned about it. people have to plan not just for the bill of today but the bills and the tax responsibilities they ar
the next day he wants to tax people and take money out of the economy. he has to make up his mine. all of a sudden, all of this uncertainty is hurting our business. >>eric: thank you. the stalemate in washington, dc, continues, and now both sides admit nothing is getting done. >> what most of the viewers watching this show right now believe is that all of us are involved in some kind of negotiation. that is not true. we --. >> there is nothing going on? >> nothing....
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mean for the economy and you? we'll get the latest from our decisionmakers. our capitol hill roundtable. debbie stabenow. tom coburn and jeep hensarling. >>> we'll get the decisions with our roundtable. then, our powerhouse roundtable weighs in on that and all of the week's politics. tea party stalwart abandons. >> conservatives on the hill are counting on us. >>> and the supreme court court takes on gay marriage. we'll break it all down with george will, james carville and mary matalin. paul krugman of the "new york times" and abc's own matthew dowd . >>> hello, again, just over three weeks away from that fiscal cliff, we just come off a week of press conferences, symbolic votes in senate, but less than an hour of serious negotiating. what will it take to break the stalemate? we'll get into that this morning, with two big roundtables of elected officials and experts. let's begin with the lawmakers. senator tom coburn for the republicans and debbie stabenow for the democrats. and congressman hensarlingg. the president said that for there to be a big deal, tax
mean for the economy and you? we'll get the latest from our decisionmakers. our capitol hill roundtable. debbie stabenow. tom coburn and jeep hensarling. >>> we'll get the decisions with our roundtable. then, our powerhouse roundtable weighs in on that and all of the week's politics. tea party stalwart abandons. >> conservatives on the hill are counting on us. >>> and the supreme court court takes on gay marriage. we'll break it all down with george will, james carville...
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Dec 9, 2012
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if the economy doesn't recover, people are going to hold the party responsible. >> we'll be right back. i'm going to ask him what his lesson from the last election is, what he took from it, and also some thoughts on foreign policy, when we come back. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. with odor free aspercreme. power
if the economy doesn't recover, people are going to hold the party responsible. >> we'll be right back. i'm going to ask him what his lesson from the last election is, what he took from it, and also some thoughts on foreign policy, when we come back. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary...
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the fiscal cliff potentially sending the economy into recession. the fear of the cliff. is that putting a veil over your eyes and pretending you seeing good news that could make better trades for your portfolio? you need to see the forest for the trees. to help do that, liz saunders in a fox business exclusive, charles schwab's vice president and chief investment strategist. what is the biggest mistake that the investor is making right now as it pertains to navigating that very rocky fiscal cliff landscape? >> they are trying to trade around perceived outcomes. that is fairly treacherous. we don't get a sense that a lot of investors are doing that -- [talking over each other] liz: there were buying in on the dips because they are trading around he headlines. >> there's a lot of tax related strategy happening right now, many of which make a lot of sense, but i have asked the question of loss, what would you put money on a particular outcome? i wouldn't. that is a dangerous strategy. >> one scenario could be as damaging as another. we can gain that at this point, what shou
the fiscal cliff potentially sending the economy into recession. the fear of the cliff. is that putting a veil over your eyes and pretending you seeing good news that could make better trades for your portfolio? you need to see the forest for the trees. to help do that, liz saunders in a fox business exclusive, charles schwab's vice president and chief investment strategist. what is the biggest mistake that the investor is making right now as it pertains to navigating that very rocky fiscal...
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Dec 2, 2012
12/12
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what they really want to know is the economy going to grow or not. if you're increasing taxes on dividend, you get less capital and dividends and then less growth for the economy and less revenue for the government. >> well, a lot of people worry about the many years that japan has been in a slow growth environment, but they've kept interest rates very low in japan, but the problem is, government is too big. that's why japan has not been able to start growing again. and this is the path that the u.s. is certainly on if we don't change that dynamic. >> paul: kim, is there any recognition about this in washington or is it all -- i mean, do you hear any of this discussion or do they really believe, certainly, the white house and the treasury, that tax rates like this don't matter, at that ultimately-- >> no, they do to a degree. if you talk to the officials iran up, come on, so we're going to raise the rates, what is fascinating to put it in the bigger context of the debate about tax revenue, the economists have the static view, you've got x-amounts of
what they really want to know is the economy going to grow or not. if you're increasing taxes on dividend, you get less capital and dividends and then less growth for the economy and less revenue for the government. >> well, a lot of people worry about the many years that japan has been in a slow growth environment, but they've kept interest rates very low in japan, but the problem is, government is too big. that's why japan has not been able to start growing again. and this is the path...
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Dec 6, 2012
12/12
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, i think that economy turns around. ultimately i think yum is in an excellent position, they're doing well domestically in the u.s. with taco bell and pizza hut and i think the growth and expansion in china will come back. >> well, a crude reality for oil today, the commodities sliding roughly 2% so how low can black gold go? we'll make a pit stop to find out and special dividend craze continues, trading the latest names to pay back shareholders early. [ male announcer ] with wells fargo advisors envision planning process, it's easy to follow the progress you're making toward all your financial goals. a quick glance, and you can see if you're on track. when the conversation turns to knowing where you stand, turn to us. wells fargo advisors. where you stand, turn to us. those little things for you, life's about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and
, i think that economy turns around. ultimately i think yum is in an excellent position, they're doing well domestically in the u.s. with taco bell and pizza hut and i think the growth and expansion in china will come back. >> well, a crude reality for oil today, the commodities sliding roughly 2% so how low can black gold go? we'll make a pit stop to find out and special dividend craze continues, trading the latest names to pay back shareholders early. [ male announcer ] with wells fargo...
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Dec 10, 2012
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economy. i think right now, quite frankly, there's nothing but cyclical upside to the u.s. economy. if you look at cyclical components of gdp, things like durable goods consumption, refrigerators, ranges, microwaves, relative, even cars, relative to their share of gpd, historically, we haven't really had a recovery. even though we've technically been in one for three years. to me, only a matter of time. right now, the average age of a consumer durable good is five years. that's the highest since the 1950s. so, to me, it's just really a matter of time. we know that househood balance sheets are improving. really the only drag right now, i think, is this fiscal cliff and the uncertainty around it. >> right. >> and how that's having an effect on household decisions right now. but beyond that, as i said, i said it again and i'll say it again, nothing but cyclical upside to the u.s. economy. >> if you've done -- i don't know if you did a back of the envelope calculation, just bring up consumption of durable goods to the norm, what we've seen it in the past, how much would that be in terms
economy. i think right now, quite frankly, there's nothing but cyclical upside to the u.s. economy. if you look at cyclical components of gdp, things like durable goods consumption, refrigerators, ranges, microwaves, relative, even cars, relative to their share of gpd, historically, we haven't really had a recovery. even though we've technically been in one for three years. to me, only a matter of time. right now, the average age of a consumer durable good is five years. that's the highest...
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Dec 9, 2012
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zitranquil economy. this is not a time for draconian cut. that will undermine the economic growth in the long term. this is not a time to be penny eyes and pound-foolish. we just sought worst natural disaster to come through new jersey in a very long time. and it really exposed how vulnerable and h1n1 prepared our infrastructure is in this country. and you have storm systems and even heavy rainfalls right now are causes incredible economic damage. to not invest the pennies now to asset dollars later is also a bad thing to do. we've got to start getting back to a balance sheet analysis of our economy. things like social security and health care, we have to make sure we're bringing in the revenue we need and controlling and cutting costs and steering this delicate ship out of this recession, back to strong economic growth in america. >> schieffer: mr. mayor, let me ask you about this experiment, as it were, that you have embarked on over last week, and that is you went out and what, bought, $30 worth of food at the grocery store, and this is w
zitranquil economy. this is not a time for draconian cut. that will undermine the economic growth in the long term. this is not a time to be penny eyes and pound-foolish. we just sought worst natural disaster to come through new jersey in a very long time. and it really exposed how vulnerable and h1n1 prepared our infrastructure is in this country. and you have storm systems and even heavy rainfalls right now are causes incredible economic damage. to not invest the pennies now to asset dollars...
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Dec 2, 2012
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security and economy are numbers one and two. he mentioned a crime prevention program as well as a number of different hand outs to populations that are in need . he's got a lot on his plate tomorrow as sure. >> you have been there several days and today whampt is your impression of people there and their hopefulness? li would say that many peopline those who did not vote for him and that was 62 percent of the voters did not vote for him. they wish mexico well and they wish nieto well. mexicans want to see the country move forward and advance and i think everyone is pulling for him. 62 percent of the mexicans did not vote for the president? >> he won with 38 percent of the vote in a field of four candidates and three were the strongest. there is no question about the legitimacy of his election. but he definitely does not have half of the population behind him. >> he certainly doesn't have a mandate is what you are saying. lauren thank you for reporting for fox news latino . thank you, we appreciate it. for much more on mexico's n
security and economy are numbers one and two. he mentioned a crime prevention program as well as a number of different hand outs to populations that are in need . he's got a lot on his plate tomorrow as sure. >> you have been there several days and today whampt is your impression of people there and their hopefulness? li would say that many peopline those who did not vote for him and that was 62 percent of the voters did not vote for him. they wish mexico well and they wish nieto well....
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Dec 3, 2012
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they're trying to inject money in a credit fashion into their economy. and we certainly think we can bring our fixed income expertise and continue to help them. >> that would make sense for cantor. ireland was the mf-will first they were in trouble, then the model for the world. what got them into trouble again, housing or real estate or something or bad banks or -- and now again they're kind of a model for everyone on how to handle it. is that basically the last five years? >> absolutely. certainly was a real estate bubble there. now there are austerity measures being put in place and they're actually following through on the austerity measures. so certainly they'll come out first and actually look pretty good. >> so where is the most business for you for cantor in ireland, what will you be doing? >> certainly it's an equity based firm. we'll bring our fixed income expertise, probably become the primary dealer there. the irish government will continue to have to have bond issuances as well as corporate debt will start to become a much bigger part of the
they're trying to inject money in a credit fashion into their economy. and we certainly think we can bring our fixed income expertise and continue to help them. >> that would make sense for cantor. ireland was the mf-will first they were in trouble, then the model for the world. what got them into trouble again, housing or real estate or something or bad banks or -- and now again they're kind of a model for everyone on how to handle it. is that basically the last five years? >>...
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Dec 6, 2012
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there's planning for a much more compressed economy. they'll be much more conservative. they're waiting and seeing. at this point, it really pivots. whether you're growing 2% or 3% as an economy or contracting 2% or 3%, that's a big delta to navigate through. they have plans in place for both scenarios. >> the plans in place, does that include layoffs? >> for some companies, as they're reporting themselves, it does. particularly depending on where the cuts come. remember, the cliff itself is a pretty austere measure. we're going to take spending not related to health care, social security to historic lows. industries like aerospace and defense in particular. through the defense cuts, they'll be substantially impacted. >> we'll leave it there. thanks for being on the program. >> thanks for having me. >> so much for the fiscal cliff. why is the head of td bank group so bullish on the united states right now? he'll join me for another cnbc exclusive next. we'll also talk about his company's earnings. >>> later, will the shaky global economy throw a wrench into luxury goods
there's planning for a much more compressed economy. they'll be much more conservative. they're waiting and seeing. at this point, it really pivots. whether you're growing 2% or 3% as an economy or contracting 2% or 3%, that's a big delta to navigate through. they have plans in place for both scenarios. >> the plans in place, does that include layoffs? >> for some companies, as they're reporting themselves, it does. particularly depending on where the cuts come. remember, the cliff...
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Dec 7, 2012
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and when the economy stalls, when the economy sputers, when people lose their jobs, they know which party to blame, the party of high taxes. let's don't be the party of just almost as high taxes. >> some people have called that the doomsday scenario. others have said it's a strategic retreat on the republicans' behalf. would you vote present for that in the senate if it comes up? >> i don't think we have to in the senate. i'm happy not to filibuster it and i will announce tonight on your show that i will work with harry reid to let him pass his big old tax hike with a simple majority if that's what harry reid wants because then they will be the party of high taxes and they can own it. >> i want to ask you one quickie. your friend and mine, senator jim demint, resigning from the senate. going to take over as head of the heritage foundation. he is a great free market defender of capitalism. what do you make of jim demint leaveliing the senate? >> i think there's two ways to look t a it. the way i look at it, i've jokingly said he's going to a better place. but i really am serious about that
and when the economy stalls, when the economy sputers, when people lose their jobs, they know which party to blame, the party of high taxes. let's don't be the party of just almost as high taxes. >> some people have called that the doomsday scenario. others have said it's a strategic retreat on the republicans' behalf. would you vote present for that in the senate if it comes up? >> i don't think we have to in the senate. i'm happy not to filibuster it and i will announce tonight on...
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Dec 6, 2012
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i think america's got to think that what it needs to do is get growth in its economy, as well. and it needs to get growth by trade and exporting. and i think what we're missing at the moment is a global agreement whereby the big powers try to work on the economy. you have to have fiscal problems and you also have to have growth. that's the key for the future. there's a global deal waiting to be done, with china, europe, india also involved in this, and of course, america itself, where we could build the confidence that's necessary to get high levels of growth around the world. >> finally, gordon brown, i couldn't let you go without asking your view of the single biggest news story to hit the planet in the last week. it is, of course, the royal baby. >> it's incredibly important that we give them the privacy because her health is a massive issue. but you can see that britain thinks -- we have a monarchy that you can see prince charles and prince william, and the baby that comes from the pregnancy. you can see the monarchy stretching 100 years ahead. >> you certainly can. and lon
i think america's got to think that what it needs to do is get growth in its economy, as well. and it needs to get growth by trade and exporting. and i think what we're missing at the moment is a global agreement whereby the big powers try to work on the economy. you have to have fiscal problems and you also have to have growth. that's the key for the future. there's a global deal waiting to be done, with china, europe, india also involved in this, and of course, america itself, where we could...
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stocks go up because the economy is recovering. if we were talking about the fiscal cliff two years ago they would never be able to let this fall through because we were close to recessionary times. we're out of recession. housing prices are beginning to recover. jobs are starting to come back. we're seeing, i think, a manufacturing renaissance back to north america. that is going to be positive through this. >> how much are you hanging your bullish hat on the amount of cash on the sidelines? you've identified already identified that. the fact corporations need to put that money to work, we're underinvested. your bullish call, seems to me, is based on those corporations finally getting off the dime and putting that money to work. is that the idea? >> it's a big part of it. how investment works, right, you build up capacity from a scarcity level, right? you have too much capacity and correct back down again. that was the '90s. we took on a bunch of capacitity and then the first ten years of this millennium we stripped out capacity w
stocks go up because the economy is recovering. if we were talking about the fiscal cliff two years ago they would never be able to let this fall through because we were close to recessionary times. we're out of recession. housing prices are beginning to recover. jobs are starting to come back. we're seeing, i think, a manufacturing renaissance back to north america. that is going to be positive through this. >> how much are you hanging your bullish hat on the amount of cash on the...
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what is he saying about jobs and the economy? he'll lay it out for us after the break. >> and would you like van gogh with your morning coffee? maybe you need something more cutting edge. one company is putting the entire art world at your fingertips. we'll introduce you to the ceo of artsy coming up. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... all ] i'm with scottrade. ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. offer
what is he saying about jobs and the economy? he'll lay it out for us after the break. >> and would you like van gogh with your morning coffee? maybe you need something more cutting edge. one company is putting the entire art world at your fingertips. we'll introduce you to the ceo of artsy coming up. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you...
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Dec 10, 2012
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this was not something that -- may have hurt the economy and something republicans blamed for. look at the numbers. terrible. not just only as a party but particularly in congress right now. you know, this is not -- this is not a long-term winning game i don't think for republicans to hold up every agreement claiming leverage where they don't have it. i think they need to find in order to do better areas they have got more public support than they seem to have on the issues. 60% according to a new politi politico/george washington university poll believes the top should have an increase in taxes. fighting the public and appear to be ideological doesn't seem to work. certainly didn't in terms of knocking president obama off. >> one thing that also didn't work in 2011 was the president ab do kating the role to nancy pelosi and harry reid. this time around, maybe because he feels he has the mandate, he's doing the negotiations straight on with boehner which i think leads to a better result. this is an overall different approach in his leadership whether it's because he's thinking
this was not something that -- may have hurt the economy and something republicans blamed for. look at the numbers. terrible. not just only as a party but particularly in congress right now. you know, this is not -- this is not a long-term winning game i don't think for republicans to hold up every agreement claiming leverage where they don't have it. i think they need to find in order to do better areas they have got more public support than they seem to have on the issues. 60% according to a...
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that will impact the overall economy. not just in the united states, also the global economy. you have to start looking at multinationals that trade on wall street. cheryl: some on the democratic side say they want to see unemployment extended for 200013. they argue it will hurt the economy if we don't extend unemployment. do you agree with that assumption? >> i don't think that is true. extended unemployment benefits have been winding down on a state-by-state basis for some time. it doesn't seem to be hurting the economy. i don't see how they will be able to extend the. not they're going to come close to coming to some sort of agreement on the fiscal cliff. we can't increase spending. we are trying to rein it in and i am not that worried. there are distributional effects. lot of the lower end retailers, dollars or, drug stores have been big beneficiaries on extended unemployment benefits and their business will likely slow. cheryl: let me ask you something. you brought up the issue of the amount of retail dobbs but those are low-wage jobs. i assume the market does not want to
that will impact the overall economy. not just in the united states, also the global economy. you have to start looking at multinationals that trade on wall street. cheryl: some on the democratic side say they want to see unemployment extended for 200013. they argue it will hurt the economy if we don't extend unemployment. do you agree with that assumption? >> i don't think that is true. extended unemployment benefits have been winding down on a state-by-state basis for some time. it...
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no, i'm not making a call like that on the economy. i'm saying the market could back up that amount in a worst case scenario if it gets contentious in the next few weeks. but unlike the others, i do think they will come to an agreement. i do think right now you're seeing the negotiating process play out, and when you have this play out, the market that's already run up, i think we could go sideways and trade like we did today. today wasn't disastrous. volume was very light. yeah, we went out on the lows, we had some negative economic data points, and i think that's what we're in for until we get some clarity on what happens with the cliff. >> all right, charlie, folks have got to put their money to work somewhere, you think the back half of 2013 will be strong. what stocks do you like today that could prosper later on? >> well, i think some of the aerospace names have, you know, air traffic continues to grow around the world. the fleets are old. the replacement cycle is going strong. boeing just announced that they're going to take the
no, i'm not making a call like that on the economy. i'm saying the market could back up that amount in a worst case scenario if it gets contentious in the next few weeks. but unlike the others, i do think they will come to an agreement. i do think right now you're seeing the negotiating process play out, and when you have this play out, the market that's already run up, i think we could go sideways and trade like we did today. today wasn't disastrous. volume was very light. yeah, we went out on...
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and then there's the wall street economy. and i must tell you that i had this whole big plan out to give evidence and actually walk you through why i was convinced after last week that this recession call, no matter what happens with the fiscal cliff, is going to happen to 2013. but then i spoke with my greatest source in terms of the overall markets. this is the guy who gave u.s. the heads-up in terms of what's happening with apple when he follows the mutual fund holdings and that turned out to be the absolute best indicator on the top and when it became oversold. so this is what rich said to me, forget about what people are telling you in the real economy. when you manage money it's about what the stock market is thinking. these are the pivotal five reasons why the stock market will go higher into the end of the year and early next year. it's very simple. contra investment sentiment. you can't find anyone bullish on the stock market other than a handful of strategists. bond fund inflows. if we were anywhere near our top of
and then there's the wall street economy. and i must tell you that i had this whole big plan out to give evidence and actually walk you through why i was convinced after last week that this recession call, no matter what happens with the fiscal cliff, is going to happen to 2013. but then i spoke with my greatest source in terms of the overall markets. this is the guy who gave u.s. the heads-up in terms of what's happening with apple when he follows the mutual fund holdings and that turned out...
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Dec 7, 2012
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18% say yes, the economy is getting stronger. 32% say no. more americans have just stopped looking for jobs. 16% say the jury is out, still worried about the fiscal cliff and 34% say i think the number is bogus to begin with. let's see what's coming up on "street signs." >>> wow. not sure i can top that one, tyler. but thank you. have we become a nation of pessimists whether our expectations for job creation has dropped so low or are we just realists? netflix ceo getting himself into hot water with a facebook post. does the s.e.c. really have a case against him or do the laws need to change with regard to social media? >>> and could pot help us solve our fiscal problems? guys, we are calling this the fiscal splif and we will rise above it, mon. "street signs" it is australian for business news. >> thanks, brian. see you at 2:00 p.m. >>> steve case is one of america's greatest entrepreneurs, best known as co-founder of america online, along with dozens of other investments such as living social and zip car and really too many to name. these d
18% say yes, the economy is getting stronger. 32% say no. more americans have just stopped looking for jobs. 16% say the jury is out, still worried about the fiscal cliff and 34% say i think the number is bogus to begin with. let's see what's coming up on "street signs." >>> wow. not sure i can top that one, tyler. but thank you. have we become a nation of pessimists whether our expectations for job creation has dropped so low or are we just realists? netflix ceo getting...
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Dec 3, 2012
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more evidence that chinese -- the chinese economy is growing. the pace of activity in that country is manufacturing sector picked up for the first time in 13 months. steve grasso is the director of institutional sales at stuart frankel. he joins us from the floor of the nyse with his china recovery play. good to see you. what are you looking at? >> good to see you. i did buy case steel, i did buy letter x and i did buy mt going into the end of month goldman conference. but i want to turn around. you can't pick the top of these names. i didn't want to overstay my welcome. i locked in about 10% in ak steel. 5 to 7% in letter x. and about 4% in mt. in about a week or so, week and a half. so i'm willing to roll the dice and say, hey, it could go up higher, but i would rather lock in my profit and not worry about what's going on, year-ends with fiscal cliff issues. >> grasso, good to see you. >> by the way, that was an amazing debate you just had there with joe and baker. they look like a presidential debate. that would make you candy crowley. >> fun
more evidence that chinese -- the chinese economy is growing. the pace of activity in that country is manufacturing sector picked up for the first time in 13 months. steve grasso is the director of institutional sales at stuart frankel. he joins us from the floor of the nyse with his china recovery play. good to see you. what are you looking at? >> good to see you. i did buy case steel, i did buy letter x and i did buy mt going into the end of month goldman conference. but i want to turn...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. but they have to use special care in keeping the denture clean. dentures are very different to real teeth. they're about 10 times softer and may have surface pores where bacteria can multiply. polident is designed to clean dentures daily. its unique micro-clean formula kills 99.9% of odor causing bacteria and helps dissolve stains, cleaning in a better way than brushing with toothpaste. that's why i recommend using polident. [ male announcer ] polident. cleaner, fresher, brighter every day. home of the legendary grand prix circuit. the perfect place to bring the all-new cadillac ats to test the 2.0-liter turbo engine. [ engine revs ] ♪ [ derek ] 272 horsepower. the lightest in its class. the cadillac ats outmatches th
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. but they have to use special care in keeping the denture clean. dentures are very different to real teeth. they're about 10 times softer and may have surface...
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Dec 4, 2012
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they bring in billions of pounds every year, to the british economy. and on the global stage, they just stand for something that's very british. they're very well educated, well spoken, they're charming. they are great public servants, they do great work, which they call public duty for charity and so on. they stamp a quintessential old fashioned british values. >> what does it mean for this baby in the royal hierarchy. does this mean that prince harry will never ever ever be king? and this baby could be king or dween one day? >> the rule has always been in the history of the royal family, that the first born son, the first boy would be the heir to the thrown. if an heir had a son, that would be the future king. but now it's being changed and parliamentarians in britain have been pushing through a law that would make it legal for -- if the first born of wills and kate is a girl for her to automatically become queen. the complication is, that law hasn't gone through yet. and it has to go through before she is born, if she's a girl. i'm guessing william
they bring in billions of pounds every year, to the british economy. and on the global stage, they just stand for something that's very british. they're very well educated, well spoken, they're charming. they are great public servants, they do great work, which they call public duty for charity and so on. they stamp a quintessential old fashioned british values. >> what does it mean for this baby in the royal hierarchy. does this mean that prince harry will never ever ever be king? and...
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that raising taxes on the rich with would hurt the economy and the economy is fragile. the numbers though that the economy is not fragile and that would improve the economy's leverage. he's still doing so many public events. he is trying to use that public pressure to sort of force the republicans to cut a deal. >> doing this public stuff but at the same time having these private talks with the speaker and david axelrod talked about what the president and speaker might be doing behind closed doors and the reasoning behind it. let's listen. >> both the president and the speaker are very fluent in the basic numbers. they have been living with them for some time now. so as i said, i don't think that there's a lot of mystery about this. the politics has to be traverse. they've got to get through the rocky shoals of grover norquist. >> does that make it easier to keep politics out of it? >> i think it helps for the two men to make a deal that might work for all sides. i sound like i'm a broken record for myself but i'm still trying to find out if both parties are trying to f
that raising taxes on the rich with would hurt the economy and the economy is fragile. the numbers though that the economy is not fragile and that would improve the economy's leverage. he's still doing so many public events. he is trying to use that public pressure to sort of force the republicans to cut a deal. >> doing this public stuff but at the same time having these private talks with the speaker and david axelrod talked about what the president and speaker might be doing behind...
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economy and if the u.s. economy slows down, dramatically, that spreads like wildfire across the rest of the world. so it's not a couple hundred thousand jobs in the u.s. we're talking about tens of millions of jobs around the world and in an unstable world, i think we have to look beyond -- beyond ideology and get to a solution. >> i would take the clinton tax rates in a heartbeat if i could get the clinton spending rates. but neither side wants to talk about spending. it's not a deal to me if they're not going to talk about spending. >> i agree with you, eric. i think you're right. i wrote about that, too. but i think the president now, he's sort of signaled that he may be looking for some wiggle room here. later this afternoon he said that he wanted the tax rate cut now and he would be happy to look at lowering them again in a bigger package, but i agree with you. i think we have to get serious about these spending cuts. i just applied for social security and i want mine. >> all right. rich, appreciate it.
economy and if the u.s. economy slows down, dramatically, that spreads like wildfire across the rest of the world. so it's not a couple hundred thousand jobs in the u.s. we're talking about tens of millions of jobs around the world and in an unstable world, i think we have to look beyond -- beyond ideology and get to a solution. >> i would take the clinton tax rates in a heartbeat if i could get the clinton spending rates. but neither side wants to talk about spending. it's not a deal to...
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but remember that the resolution is bearish for the economy. we will be cutting back on government spending, and we will be taxing more. that is bearish for the economy at the margin. david: all right. let's hope they do come to some kind of resolution. good to see you, gentlemen. liz: that was a great discussion, guys, thank you. david: well, the debt battle is waging on in d.c. even with most of the house out of town right now. they're gone until next tuesday. we're going to be heading to d.c. for the very latest. liz: choice hotels, known for comfort inns and quality inns is expanding their brand right here in america. why now? we'll ask ceo and president steve joyce about that and moving up the dividend payout to before the end of the year. david: but, first, on fox business the ceo of tmx group, this is the parent of the toronto stock exchange. you've heard about how the banks in the canada avoided a lot of the subprime mess that our banks got into it. well, the banks getting involved directly in the stock market. tom is going to tell us h
but remember that the resolution is bearish for the economy. we will be cutting back on government spending, and we will be taxing more. that is bearish for the economy at the margin. david: all right. let's hope they do come to some kind of resolution. good to see you, gentlemen. liz: that was a great discussion, guys, thank you. david: well, the debt battle is waging on in d.c. even with most of the house out of town right now. they're gone until next tuesday. we're going to be heading to...
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that way congress couldn't blow up the world economy for no good reason. it's taking the sharp knife covered in explosives away from a kid who has a lot of temper tantrums. it seems like a good thing to do. the white house calls it the mcconnell plan because it's based on an idea that mitch mcconnell proposed become in july 2011. but even though it is mitch mcconnell's idea, even though he came up with it, mitch mcconnell is not for it. mitch mcconnell at this point does not support the mcconnell plan at all. he didn't think democrats did either. and yesterday he wanted to call their bluff. now that is when c-span2 suddenly became amazing television. yesterday afternoon mitch mcconnell asked the senate to move to an immediate vote on the mcconnell plan. vote on it now. he figured harry reid would back down. prove that even democrats don't like this idea. but reid did not back down. he doubled down. he said, yeah, let's vote on the plan. but let's move to an immediate up or down vote. no filibuster, no 60-vote requirement, let's see if it gets 51. if so, it
that way congress couldn't blow up the world economy for no good reason. it's taking the sharp knife covered in explosives away from a kid who has a lot of temper tantrums. it seems like a good thing to do. the white house calls it the mcconnell plan because it's based on an idea that mitch mcconnell proposed become in july 2011. but even though it is mitch mcconnell's idea, even though he came up with it, mitch mcconnell is not for it. mitch mcconnell at this point does not support the...
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the economy would contract by half a percent in 2013. unemployment would raise to 9.1% and the economy would experience what cbo said would be judged as a recession. but after that, then things start to look pretty good. the cbo says after next year by the agency's estimates economic growth will pick up. the labor market will strengthen returning output to its potential level. 5.5% by 2018. essentially if no deal is struck, the federal government would be forced to do what it's refused to do willingly, make dramatic changes in taxes and spending. if those changes happen automatically, the cbo estimates it would have a positive long-term impact. by comparison, it says current law is kept in place, output and income would be lower down the road. so here is another way to look at it. fast forward to budget projections. keeping tax cuts in place, extending most tax provisions and putting off spending cuts would put revenue in 2020 at 4dz.2 trillion. spending at $5.3 trillion. the national debt is projected to be near $20 trillion by then. $3
the economy would contract by half a percent in 2013. unemployment would raise to 9.1% and the economy would experience what cbo said would be judged as a recession. but after that, then things start to look pretty good. the cbo says after next year by the agency's estimates economic growth will pick up. the labor market will strengthen returning output to its potential level. 5.5% by 2018. essentially if no deal is struck, the federal government would be forced to do what it's refused to do...
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from 19.5% of the overall economy to 20.6%. by bump. ing along with 18%, we have built the national debt that dominates the political discussion and it's going to get worse if we stay there. the future debt we're talking and worrying about is driven by two things. health care and old people. the coming years are going to have more of both. today the elderly make up 13% of the population. by 2050, they are expected to be 20%. that means you'll need to spend a lot more on social security and medicare. and we hope will keep happening and that will push the cost higher. the future turns out to be expensive. that's simply the reality of it. and opposing tax increases doesn't change that reality. there's nothing in grover norquist's pledge that stops the ageing process. so there's no way the tax receipts of the 1960s will support the demographics of america in the 2030s. anyone who says otherwise is not taking the reality seriously. joining us is a man who always takes reality seriously. chris hayes. so one thing i always think is true in our
from 19.5% of the overall economy to 20.6%. by bump. ing along with 18%, we have built the national debt that dominates the political discussion and it's going to get worse if we stay there. the future debt we're talking and worrying about is driven by two things. health care and old people. the coming years are going to have more of both. today the elderly make up 13% of the population. by 2050, they are expected to be 20%. that means you'll need to spend a lot more on social security and...
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if you look at the economy, it is actually doing okay. i think those things go away if we get a deal. i don't think that is priced in at all. connell: great to have you on. thank you for joining us today. >> my pleasure. dagen: a stock alert for you. it could be a record-setting day at fedex. this could be the busiest day in the company's history. they have about 300,000 permanent workers worldwide. they add an additional 20,000 workers for the seasonal work. it is up 1%. goldman sachs, speaking of the economy: even in the firm's baseline forecast, you can expect economic slowdown in early 2013. things will be even worse if washington cannot cut a deal. financial conditions will very likely be cliff like, early january. connell: stick around for the story coming out of australia. the police there are warning drivers that a problem with apple maps can actually be deathly. dagen: gerri mack brown has his hands full. taxes and not state will kill jobs and entrepreneur roles elsewhere. connell: they have some complaints about all of you and y
if you look at the economy, it is actually doing okay. i think those things go away if we get a deal. i don't think that is priced in at all. connell: great to have you on. thank you for joining us today. >> my pleasure. dagen: a stock alert for you. it could be a record-setting day at fedex. this could be the busiest day in the company's history. they have about 300,000 permanent workers worldwide. they add an additional 20,000 workers for the seasonal work. it is up 1%. goldman sachs,...
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why would a 200-month tax raise destroy the economy but spending $200 a month on a smartphone somehow doesn't? >> because of the aggregation problem. if you just look at one person it doesn't look so bad. but when you sum it up across 300 million americans and you factor in that 70% of our gdp is consumer spending, in europe it is about 55% so we're more dependent on the consumer for our growth -- then you understand why the congressional budget office -- i don't think they've ever done this before -- is actually predicting a recession if we go over an stay over the cliff. so for any one person, it might not be that big a deal -- although when you think about $2,000 over the course of a year for a family whose median income is about $5,000, that starts to sound like real money, too. but when you aggregate it up, you're really looking at a recession probably if we go over an stay off the cliff, unemployment reverses course, goes up to 9%, really ugly stuff. >> nifk cocole, does the averag american really understand what's going on? how much of this impact do they understand right now?
why would a 200-month tax raise destroy the economy but spending $200 a month on a smartphone somehow doesn't? >> because of the aggregation problem. if you just look at one person it doesn't look so bad. but when you sum it up across 300 million americans and you factor in that 70% of our gdp is consumer spending, in europe it is about 55% so we're more dependent on the consumer for our growth -- then you understand why the congressional budget office -- i don't think they've ever done...
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what happens in the chinese economy or what happens in the european economy does affect what we need to o here. and how we need to invest. when you look around the world, you have 80% of investors who believe volatility is here to stay. now, the difficulty is you have 70%, three out of four americans who saved it do not have enough for environment. lori: should average investors follow the institutions? >> yeah, you know, one of the things we are seeing is a lot of institutions have held off or have looked at managing risk and mitigating in their own portfolios. you are looking at this longer-term investing. writing to the store. looking at structures that allow you to mitigate risk and have better sleeping at night. you cannot fund a retirement by earning a half of a percent of 1% and a stable money market fund or bond. you will need to take some risk. sure. i was just going to come in with a risk. should i go risk on all the way and really go crazy and put in some, you know -- [talking over each other] >> it all depends on what your circumstances are. if you have some longer-term h
what happens in the chinese economy or what happens in the european economy does affect what we need to o here. and how we need to invest. when you look around the world, you have 80% of investors who believe volatility is here to stay. now, the difficulty is you have 70%, three out of four americans who saved it do not have enough for environment. lori: should average investors follow the institutions? >> yeah, you know, one of the things we are seeing is a lot of institutions have held...